User Account

All Pages

What was the amount of actual sales

Assignment Help Accounting Basics
Reference no: EM132881690

Problem - Margin of safety

a. If Steele Company, with a break-even point at $378,000 of sales, has actual sales of $540,000, what is the margin of safety expressed

(1) in dollars and

(2) as a percentage of sales?

b. If the margin of safety for Kramer Company was 20%, fixed costs were $900,000, and variable costs were 70% of sales, what was the amount of actual sales (dollars)?

Reference no: EM132881690

Questions Cloud

Develop a strategic plan that can help you to outperform : Determine an organization that you act in as a strategic planner and develop a business model with a sustainable competitive advantage and develop a strategic
How much would income from operations increase : How much would income from operations increase for each company if the sales of each increased by 25%
Is workplace discrimination and ageism still prevalent today : Is workplace discrimination and ageism still prevalent today? What laws are in place to protect individuals from age discrimination related to employment?
What job search methods will promote for charles to use : What job search methods will you promote for Charles to use? What challenges do you anticipate will occur as Charles goes through his job transition?
What was the amount of actual sales : If the margin of safety for Kramer Company was 20%, fixed costs were $900,000, and variable costs were 70% of sales, what was the amount of actual sales
What ways are the issues hurting the next generation : What ways are these issues hurting the next generation? Consider the emotional, cognitive, spiritual, psychological, behavioral, and physiological consequences.
Compute the break-even number of seats sold : Variable cost per passenger-business class 100. Compute the break-even number of seats sold on a single round-trip flight for the over-all product
What are benettons firm-specific advantages : What are the country-specific factors that have helped Benetton be a success and What are Benetton's firm-specific advantages
Identify key principles that govern human behavior : Identify 3-4 key principles that govern human and animal behavior. Apply these principles to your own life. (e.g. How can you see them in daily life?)

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the consolidated gain or loss

Compute the consolidated gain or loss on a consolidated income statement for 2009.

  At what amount would land be reported at on balance sheet

Jackson's incremental borrowing rate is 10%. At what amount would the land be reported at on the balance sheet

  What the ratios suggest about the companies profitability

ACC10707 - Accounting for Business, Assignment - Small Business Analysis and Interpretation. Required: Given that the companies operate in the same industry, write a report of approximately 1000 words explaining what the ratios suggest about the co..

  Find out the contribution per unit

Selling price per unit $100, Variable cost per unit $ 60, Fixed Cost $100,000, Find out the Contribution per unit and P/V Ratio

  Making the budgetary comparison statement

Which basis of accounting is used in preparing the budgetary comparison statement?

  Distinguish between capital and operating leases

SFAS No. 13 in effect regards a lease period of 75 percent or more as a relevant circumstance in distinguishing between capital and operating leases.

  Reporting the bond liability

On December 31 year 1 Todd Corporation issued 500 of its 10% $1,000 bonds at 105. Todd Corporation uses IFRS. The bonds were issued through an underwriter to whom Todd paid bond issue costs of $15,000. On December 31 Year 1 balance sheet Todd shou..

  Compute the payback period for the equipment

Martin Company is considering the purchase of a new piece of equipment. Compute the payback period for the equipment

  Record the issuance of the bonds

On June 1, 2016 Square corporation issued 100 $1000, 10% bonds at 102 . The bonds were sold with a detachable stock warrant permitting the holder to purchase.

  Who would be affected if person suggestion is followed

How would increasing the depreciation period affect American Movieplex's earnings? Who would be affected if Person suggestion is followed

  Rodman corporations fiscal year ends on november 30 the

rodman corporations fiscal year ends on november 30. the following accounts are found in its job order cost accounting

  Calculate the amount of cash receipts for march and april

Other operating costs equal $15,000 per month that amount includes $4,000 of depreciation. Calculate the amount of cash receipts for March, April and May

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd